Do you know how much personal property coverage you have on your homeowner policy?
Personal property is a percentage of your dwelling coverage. Do you know the limits on your valuables, such as jewelry and silver? In the event of a total loss, it is important for homeowners to be able to document and verify the value of personal property.
Homeowner policies have limits on the coverage of specific high value items such as jewelry and silver. In order to ensure that your valuables are properly protected, it is important to have these items appraised and scheduled on your homeowner policy. You might want to consider walking through your home with a camera and taking pictures or video of each room then placing photos, receipts, and appraisals in a safe place, such as a firebox.